Yesterday, Direct Insite Corporation (OTC:DIRI) got a new volume high a week after the third quarter financials came out.
DIRI closed down 8.33% at $0.55 after a little over a million shares had changed hands.
A week ago, the company filed its 10-Q for the quarter ended Sept. 30. Back then, the stock recorded a 42.31% gain on 10 thousand shares and didn’t trade in the following three sessions.
While the report shows DIRI had more than $1 million working capital, $2.2 revenue and $216 thousand net income for the quarter, it is apparent that traders will need to see something a lot more exciting before they start trading the stock actively.[BANNER]
Matthew Oakes, CEO and President of DIRI, said in a press release that there were four new customer contracts executed in Q3, and added that “…we anticipate signing additional clients prior to year end.”
If that really happens, and DIRI succeeds in providing “revenue growth and increased shareholder value”, the stock may get to the point where there will be an active market, but for now DIRI is still trading sporadically.
